Base Value 03 = Replacement Value

Hi,
I would like to know what does this base value 03 = Replacement Value. We always use 01 & 24 for Acquisition & Net Book value respectively. This can be found in the Multilevel method. Appreciate your answers.
rgds,
jay

Hi Jay,
The current valuation of an asset, which is different from the acquisition and production costs.
The replacement value of an asset can result, for example, from the following influences:
- Price changes because of inflation
- Price changes because of technical advancement
Regards Bernhard

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